Why Bear Stearns frightens us so
Mar 17th 2008 11:30AM
Updated Mar 17th 2008 2:37PM
When the economy is tanking, most journalists take it upon themselves to provide the voice of reason, to reassure the concerned investor that all is not lost. Why? Because we know that our system, all systems beyond barter, depend on trust, and the loss of trust has devastating consequences.
This got me to thinking about the last time we lost our trust, and the ramifications. This gallery is a sobering reflection on a time when trust failed.